Living with rising costs in an inflationary world…

The Consumer Prices Index (CPI) rose by 5.4% in the 12 months to December 2021, its highest level for a decade, and will go higher still as we head into 2022. For pandemic-pressed businesses, the inflation reality is far worse. Their input costs are soaring by unprecedented double-digit figures, while labour rates are rapidly being pushed higher by shortages right across the UK economy.
Figure 1_ Annual CPIH inflation rate highest since September 2008
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